Coca-Cola HBC saw a 10% increase in its volume of sales on emerging markets in the first quarter of the year, after it sold 202.2 million unit cases, up from 184 million a year ago, with Romania, Bulgaria, Russia, Serbia and Ukraine making the biggest contribution to this increase. Net revenues from sales witnessed in this area climbed by 14%, and reached 538.8 million euros, compared with 471.2 million euros in the same period of 2007. The company posted an operating income (EBIT) worth 19.8 million euros, up 10% from 18 million euros. The emerging markets contributed 20 million euros to the group's EBIT, which was worth 67 million euros, a 10% increase compared with the similar period of last year. Despite the revenue increase, the profitability was hurt by the high cost of raw materials. Romania and Bulgaria contributed the most to improving the profitability, due to the high increases in terms of volumes sold, to price increases and the product mix available.
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